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Hot Shoppes, Inc., 1964 Annual Report
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Marriott Hot Shoppes. Hot Shoppes, Inc., 1964 Annual Report - Image 10. 1964. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 17, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1400/show/1393.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marriott Hot Shoppes. (1964). Hot Shoppes, Inc., 1964 Annual Report - Image 10. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from https://digital.lib.uh.edu/collection/hiltonar/item/1400/show/1393

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marriott Hot Shoppes, Hot Shoppes, Inc., 1964 Annual Report - Image 10, 1964, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 17, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1400/show/1393.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Hot Shoppes, Inc., 1964 Annual Report
Creator (LCNAF)
  • Marriott Hot Shoppes
Publisher Marriott Hot Shoppes
Date 1964
Description Hot Shoppes, Inc. Annual Report for the fiscal year ending on July 26, 1964.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Marriott Hot Shoppes
Genre (AAT)
  • annual reports
  • business records
Language English
Type (DCMI)
  • Text
  • Image
Original Item Location Marriott Hotels Collection
Digital Collection Annual Reports from the Hospitality Industry Archives
Digital Collection URL http://digital.lib.uh.edu/collection/hiltonar
Repository Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston
Repository URL http://www.uh.edu/hilton-college/About/hospitality-industry-archives
Use and Reproduction No Copyright - United States
File Name index.cpd
Item Description
Title Image 10
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_035_010.jpg
Transcript Hot Shoppes, Inc. and Subsidiaries CONSOLIDATED INCOME AND EARNED SURPLUS for the 52 weeks ended July 26, 1964 and July 28, 1963 1964 1963 SALES DEDUCTIONS NET INCOME BEFORE TAXES ON INCOME INCOME Cost of sales, selling and operating expenses Administrative and general expenses Taxes—payroll and other Depreciation and amortization Interest and finance expenses Interest income $84,725,786 $74,596,857 $70,011,777 $61,347,309 4,856,151 4,751,156 2,573,982 2,331,411 2,087,656 2,162,459 78,271 89,503 (302,858) (104,573) $79,304,979 $70,577,265 $ 5,420,807 $ 4,019,592 FEDERAL AND STATE INCOME TAXES (Notes 2 and 3) (Including $915,962 and $711,151 deferred taxes) $ 2,310,000 1,639,620 NET INCOME BEGINNING BALANCE NET INCOME EARNED SURPLUS $ 3,110,807 $ 2,379,972 $ 7,586,643 $ 7,066,695 3,110,807 2,379,972 4% STOCK DIVIDENDS (amount transferred to capital stock and capital surplus) (Note 4) (2,020,025) (1,860,024) ENDING BALANCE $ 8,677,425 7,586,643 The accompanying notes are an integral part of this statement. ACCOUNTANTS' OPINION TO THE STOCKHOLDERS AND BOARD OF DIRECTORS, HOT SHOPPES, INC.: We have examined the statement of consolidated financial condition of HOT SHOPPES, INC. (a Delaware corporation) and subsidiaries as of July 26, 1964, and the related statements of consolidated income and earned surplus for the fifty-two weeks then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the accompanying statement of consolidated financial condition and statements of consolidated income and earned surplus present fairly the financial position of Hot Shoppes, Inc. and subsidiaries as of July 26, 1964, and the results of their operations for the fifty-two weeks then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding period. Washington, D.C. ARTHUR ANDERSEN & CO. September 3,1964.